Lifestyle International 1212

Lifestyle International 1212

Postby winston » Tue Jun 17, 2008 8:39 am

Lifestyle popular after Egana deal
June 17, 2008

Analysts hung a "buyable" sign on Lifestyle International Holdings (1212) after shares of the department store operator resumed trading yesterday following an announcement it has finalized terms of a restructuring deal to acquire a majority stake in beleaguered EganaGoldpfeil Holdings (0048).

Lifestyle stock gained 5.85 percent to close at HK$14.12 yesterday after reaching an intraday HK$14.80. Some 7.3 million shares changed hands on turnover of HK$103 million.

Lifestyle, controlled by tycoon Joseph Lau Luen-hung, said it will pump in HK$1.21 billion to restructure luxury goods maker EganaGoldpfeil, whose shares remain suspended due to an alleged false accounting racket involving HK$3.55 billion, eight individuals and 18 banks.

"We have an overweight rating on Lifestyle even without [the] Egana deal and we believe [the] deal terms are positive for Lifestyle," JPMorgan analyst Ebru Sener Kurumlu wrote in a research note. On June 2, JPMorgan set a one- year target price for Lifestyle at HK$18.50 - a 31 percent premium over yesterday's close.

DBS analyst Mavis Hui has raised Lifestyle's target price to HK$21.25 from HK$21.19.

Deutsche Bank upgraded the stock to "buy" from "hold."

Source: Dow Jones Newswire
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Re: Lifestyle International 1212

Postby winston » Wed Mar 04, 2009 10:15 am

DJ MARKET TALK: UOB Cuts Lifestyle Fair Price By 42.3% To HK$5.60

0849 [Dow Jones] STOCK CALL: UOB KayHian cuts Lifestyle International (1212.HK) fair price to HK$5.60 from HK$9.70 after changing to P/B valuation from P/E on expectation sluggish consumer demand, new projects will depress earnings near-term. Notes share trading at 1.6X 2009 P/B, in line with global weighted average for peers; keeps at Hold.

Cuts 2009-10 earnings forecasts by 26%, 17% after factoring in losses from startup of Suzhou Jiuguang. Notes 2008 net profit down 9.5% on-year at HK$927 million, in line with market expectations, as 2H08 operating performance deteriorated, weakened further in January-February; but adds, financials remain solid, with good operating cash flow, low debt level. Shares ended yesterday down 4.3% at HK$5.53


Source: Dow Jones Newswire
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Re: Lifestyle International 1212

Postby winston » Tue Nov 23, 2010 8:44 am

Not vested. From Dr. Check, The Standard HK:-

Lifestyle International (1212) remains a laggard.

The stock fell from a peak of HK$25 in 2007 to below HK$5 in late 2008. It now stands at HK$19.96.

Its Sogo Causeway Bay store is the major contributor of revenue and profit. The group's other growth engine is China where it operates Jiuguang department stores in Shanghai, Suzhou and Dalian.

The majority owner has kept buying the stock. Any dip near HK$19 turns the pick into a bargain.
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Re: Lifestyle International 1212

Postby winston » Tue Aug 09, 2011 6:23 am

Local outlets fuel Lifestyle profit surge by Natallie Cai
Tuesday, August 09, 2011

Lifestyle International Holdings (1212), operator of Sogo Department stores in the city, saw first-half net profit soar 30.6 percent to HK$807 million - or 48.1 HK cents per share - from a year back.

"Our Hong Kong operations recorded stronger growth than the mainland division in the first six months [of the year]," said managing director Thomas Lau Luen-hung, adding the trend is likely to continue for the second half.

Same store sales in Sogo in Causeway Bay rose 23.1 percent between January and June, as compared to a 13.9 percent rise during the same period last year.

The Tsim Sha Tsui branch booked a 21.2 percent gain in same store sales, versus 13.4 percent last year.

But same store sales growth in Shanghai in the first half was 13.6 percent, down from a 19 percent gain last year.

The management attributed the slowdown to mounting inflation and fears of asset price appreciation amid excessive liquidity.

Despite softening sales in the mainland, Lau expected the company's retail business in China to outpace that of Hong Kong in a long run. "We are looking at new projects in the mainland, particularly in the second and third-tier cities," said Lau.


Turnover rose 20.6 percent
to HK$2.41 billion. An interim dividend of 19.2 HK cents was declared.

Lifestyle shares dropped 1.5 percent to HK$23.05 yesterday.


http://www.thestandard.com.hk/news_deta ... 10809&fc=2
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Re: Lifestyle International 1212

Postby winston » Tue Feb 28, 2012 6:29 am

Shoppers power healthy Lifestyle

Sogo department store operator Lifestyle International Holdings (1212) booked a net profit of HK$1.88 billion last year, up by 34 percent thanks to a retail boom in Hong Kong.

The company declared a dividend of 44.9 HK cents, up by 33.7 percent from 2010.

Revenue, driven largely by sales at Sogo stores in Causeway Bay and Tsim Sha Tsui, rose by 18.9 percent to HK$5.13 billion.

Sales at these two stores made up a total 73.2 percent of total revenue.

Revenue from Sogo Causeway Bay alone was up by 23.2 percent.

Sales at its four mainland malls in Shanghai, Suzhou, Dalian and Tianjin that operate under the Jiuguang brand hit HK$3.22 billion. All stores, except Shanghai Jiuguang, is less than two years old. Same-store sales growth was 7.8 percent, a 10 percent drop.

The gross profit margin rose 1 percent to 58.5 percent last year, but the average concessionaire rate was 0.1 percent lower at 22.2 percent.

"We are optimistic about the local retail market this year, and it will continue to outperform the mainland market," said managing director Thomas Lau Luen-hung.

Lau added the firm was exploring new opportunities, especially in Shanghai, where its second store may open in 2016. Lifestyle International shares eased 0.1 percent to HK$19.9 yesterday.

http://www.thestandard.com.hk/news_deta ... 20228&fc=2
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Re: Lifestyle International 1212

Postby winston » Sun May 17, 2015 10:33 pm

not vested

Department store operator Lifestyle has bought back shares every month since March, with 17.75 million shares from March 17 to May 14 at an average of HK$14.08 each.

The group bought shares on 25 of the 39 trading days during that period. The trades also accounted for 30 per cent of the stock's trading volume.

Lifestyle is especially active this month, with buy-backs every day from May 4 to 14 totalling 8.5 million shares at an average of HK$14.21 each.

Before this year's buy-backs, the company acquired 40.8 million shares from April 2013 to June last year at an average of HK$15.76 each, and 70 million shares from September 2008 to August 2012 at an average of HK$10.14 each.

Lifestyle is more aggressive in its buy-back programme this year, with an average of HK$10 million worth of repurchases per filing, compared with the average HK$6.8 million per filing from 2008 to 2013.

The stock closed at HK$14.12 on Friday.

Source: SCMP
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